Cryptocurrencies remain under scrutiny amid the impending influence of economic news from the U.S. Despite recent crashes in the market (such as the drop of BTC to $86,000 mentioned by analysts), the key in the next 24 hours will be the expectations regarding the Federal Reserve's (Fed) policy.
The recent weakness in the ISM (Institute for Supply Management) data has fueled market bets on possible interest rate cuts by the Fed.
Although the Fed does not have a scheduled announcement in this timeframe, any rumor or statement from its key members regarding the economic outlook or inflation could generate extreme volatility.
A sentiment pointing towards less monetary tightening (cuts) could act as a bullish catalyst for Bitcoin and the rest of the Altcoins, as risk assets like cryptocurrencies become more attractive in a lower bond yield environment.
